Mayab Sets Securitization Date

Mayab Sets Securitization Date

Mexico Bonds Structured Finance

Concorcio de Mayab plans to raise up to MXP4.5bn ($351m) in Mexico's domestic bond market on October 24, according to sources familiar with the sale. The road operator had initially been targeting a pricing date for the securitization as soon as today. The ICA-owned operator plans a 2034 peso-denominated tranche with an 11.3-year average life, with size of the tranche not to exceed 40% of the total issuance, and a 2034 UDI-denominated portion with an 11.7-year average life and no size limit. The

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